Global Virus Filtration Market to Expand as Researchers Focus on Improving Testing Technologies, TMR

- The need for rapid testing of infectious diseases has opened new inlets for growth across the global virus filtration market. Several research labs are working on developing vaccines and antibodies against viruses

- The coronavirus pandemic has put tremendous pressure on global research labs to improve their analysis and testing standards. This factor shall also be a game-changer for the vendors operating in the market

ALBANY, New York, May 27, 2020 /PRNewswire/ -- Advancements in molecular research and microbiology have given an impetus to the growth of the global virus filtration market. There is humongous demand for microscopic research across the medical industry, bringing virus filtration under the spotlight of attention. The need to study viruses for developing effective antibodies has created a stir across the medical industry. The area of medical research has become increasingly inclined towards improving testing and diagnosis facilities. Several infectious diseases are caused by the contraction or hostage of viruses inside the human cells. Therefore, virus filtration is an important technique that could help in studying a range of infectious diseases. On account of the factors mentioned herein, the total volume of revenues within the global virus filtration market is expected to multiply.

Researchers emphasize on the importance of decoding the origin of viruses in the human body. This helps in successfully eliminating the virus from the body by using effective antigens. Virus filtration also holds relevance in the development of immunity boosters and other medications.

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Therefore, advancements in medical and healthcare research shall continue to bolster growth across the global virus filtration market. Development of new testing facilities for studying and verifying the presence of viruses in the human body has also driven market demand. In this context, the revenue index of the global virus filtration market is slated to improve in the years to follow.

Understanding the Nature of Contagious Infections and Diseases

Several medical researchers acknowledge the relevance of studying viruses in order to decode their action on the human body. Viruses are amongst the leading causes of contagious diseases, making it necessary for medical practitioners to study them. Furthermore, the quest of the medical sector to continually develop antibodies, drugs, and therapies that attack viruses shall enhance the dynamics of market maturity. Several research laboratories have endorsed the use of virus filtration technologies for a range of applications. In addition to this, biomedical devices that can study the nature of viruses have also gained popularity in recent times.

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It is estimated that the global virus filtration market would expand at a stellar CAGR of 12.40% over the period between 2018 and 2026. The global value of the virus filtration market is set to touch US$ 3,371.0 Mn by the end of 2026, growing from a value of US$ 1,238.3 Mn by 2017. The growth of this market can be attributed to advancements in medical testing and research.

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Global Virus Filtration Market: Growth Drivers

• Advancements in biomedical research have recalibrated the focus of the medical industry towards studying viral and bacterial infections.
• New discoveries are constantly being made across the medical fraternity, creating value across the market.
• Increased need for improved testing technologies to diagnose the presence of viruses and bacteria in the human body.
• The outbreak of the coronavirus has led to the inflow of formidable investments in several domains concerning virus studies.
• Increase in the number of contract research organizations that offer their services to various entities in the medical industry.

Global Virus Filtration Market: Key Market Players

• Asahi Kasei Corporation
• PendoTECH,
• Sartorius AG
• Thermo Fisher Scientific, Inc.
• Danaher
• General Electric

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The global virus filtration market has been segmented as below:

Product Type

• Virus Filters & Filtration Systems
• Kits & Reagents
• Services

Application

• Biological
• Vaccines & Therapeutics
• Blood & Blood Products
• Stem Cell Products
• Others
• Medical Devices
• Water Purification
• Air Purification

End-user

• Pharmaceutical & Biotechnology Companies
• Contract Research Organizations
• Medical Device Companies
• Others

Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
• GCC Countries

Explore Transparency Market Research's award-winning coverage of the global Healthcare industry:

Vaccines Market – Transparency Market Research (TMR) predicts that the global market for vaccines would expand at a healthy CAGR of 6.0% over the period between 2017 and 2025. Furthermore, the cumulative value of the global vaccines market is projected to reach US$ 48.0 Bn by 2025-end, rising up from a value of US$ 28.0 Bn in 2016. On the basis of vaccine type, the market for toxoid vaccines is expected to expand in the years to come. Based on geography, the market for vaccines in Europe is projected to accumulate humongous revenues in the years to come.

Swab and Viral Transport Medium Market – The global swab and viral transport medium market is primarily driven by increase in demand for swabs & viral transport medium owing to COVID-19 pandemic, rise in use of viral transport medium in microbiology & diagnostic laboratories, and high investment in diagnostic equipment, kits, and accessories. Increase in the geriatric population, rise in adoption of diagnostic tests, and growth of the diagnostics industry are the other factors projected to drive the global market during the forecast period

Covid-19 Detection Kits Market - The growth of the global covid-19 detection kits market relies on the responsiveness of countries to contain the spread of the coronavirus. The pandemic has wreaked havoc across the healthcare industry, and has led medical researchers to redirect all their might towards developing test kits and antidotes for coronavirus. The World Health Organization (WHO) declared the coronavirus as a global health emergency, following an outbreak of cases in several parts of the world. Currently, more than 180 countries have reported cases of coronavirus in individuals of all age groups. The vulnerability of all groups of people to the virus has created panic amongst the masses. Therefore, it is important to ramp up manufacturing of covid-19 detection kits. The value of the covid-19 detection kits market is continuously rising on account of advancements in healthcare facilities.

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